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Tuesday, November 23. 2010Blaming Each Others Financial PoliciesPosted by Joerg Wolf in International Economics, Transatlantic Relations on Tuesday, November 23. 2010 From a Washington Post editorial:
A good defense of German policy against US criticism of its "export-led growth model" can be found on Atlantic Community: Stop Lecturing and Do Your Homework, America!
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Defined tags for this entry: AC, Economics, Euro, European Union, Finance, Financial Crisis, Germany
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Marie Claude
- #1 - 2010-11-24 16:05 - (Reply)
"If every country in the eurozone had kept its public finances in order, as the treaty requires - and as Germany does - there would be no problem. It is both wrong and counterproductive to reward the bad behavior of Greece et al and the speculators who enabled them. There must be no bailouts except in return for profound austerity measures that guarantee an end to the cycle of debt." Comments ()
Marie Claude
- #2 - 2010-11-24 16:06 - (Reply)
uh, sorry about this adding: Comments ()
Joe Noory
- #3 - 2010-11-24 19:20 - (Reply)
America is lecturing you? Actually, people with more to gain from German government action in the rest of the Eurozone are the ones lecturing. Comments ()
Pat Patterson
- #4 - 2010-11-26 19:17 - (Reply)
Let the foot dragging begin. While some in the US criticize Germany's economic model, though most Americans actually envy the Germans and admire them for sticking to their policies, the Europeans seem intent in not only keeping the drumbeat going but also admitting that Germany is somehow responsible for the bulk of these stimulus or bailout funds. It's odd to see a chorus of European political operatives rise in a chorus singing that Germany is greedy but at the same time demanding that they bailout the same politicians for mistakes they even now won't acknowledge or stop. Comments ()
Marie Claude
- #4.1 - 2010-11-26 21:12 - (Reply)
"It's odd to see a chorus of European political operatives rise in a chorus singing that Germany is greedy but at the same time demanding that they bailout the same politicians for mistakes they even now won't acknowledge or stop." Comments ()
Pamela
- #5 - 2010-11-26 19:34 - (Reply)
Well apparently, the EU Parliament got an earful yesterday from Nigel Farage. Comments ()
Joe Noory
- #6 - 2010-12-22 15:53 - (Reply)
This is just another one of those passive-aggressive, self-indulgent, yet boringly recurring continental arguments that are constantly regurgitated by Europeans to prop up their self-regard. Comments ()
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